INPEX believes LNG threat is exaggerated
The Business Spectator reported that according to The Australian Financial Review, a senior industry executive in Japan says that the competitive threat to the Australia’s liquefied natural gas sector from the United States and Canada has been exaggerated.
Read here for a small clipping from the report:
Vice-president of corporate strategy and planning at Inpex, Kazuhiko Itano, says that export projects in North America face a number of hurdles, including rises in US gas prices, and energy security concerns.
Mr Itano predicted that these factors would mean that exports to Asia would take longer and would be smaller than some forecast, according to the AFR.
Inpex, the the largest Japanese investor in Australia, is building a $US34 billion ($A34.25 billion) LNG project in Darwin.
Read here for the full article.